Why study actuarial and financial mathematics at Clark?
Apply the power of mathematics to predict and manage insurance and financial risks
Although careers in the actuarial and financial sectors require analytical and computational ability, and have been very popular among students majoring in mathematics, they do not, however, require a full mathematics major. The actuarial and financial mathematics (AFM) minor provides a clearly marked pathway to those careers for Clark students who may choose to major in fields other than mathematics.
Insurance companies expect their actuaries to pass several exams to become associates of one of the two national societies for actuarial science. Indeed, these credentials are required to perform important functions such as signing legal documents, and therefore companies are invested in hiring new actuaries who can pass these exams in a timely fashion. To find actuarial employment at any insurance company, students generally need to pass at least the first exam and preferably the second exam as well. Once employed, actuaries pass the remaining exams, often with support from their company in paid study hours and exam fees.
The first two exams are in mathematics: the first in probability and the second in financial mathematics, and these topics are directly covered in the AFM minor.
Required courses for the minor: 8
Requirements
Hands-On Learning
As a complement to this concentration, you can engage in a variety of related experiential learning opportunities, including internships, study abroad, and research.
Careers
Careers in the actuarial and financial sectors have been in high demand, and are among the most lucrative. They also provide a solid foundation for graduate studies in related fields. Many of our students have found internships and employment in insurance and financial companies. Some pursued graduate degrees in actuarial science, or finance, including Clark’s master of science in finance.
Because of the Actuarial and Financial Mathematics minor, Clark has been recognized by the Society of Actuaries as a university with an actuarial program with an introductory curriculum. For more information about the actuarial career please visit the Society of Actuaries.
Program Director
Amir Aazami
Phone: 1-508-793-7343
